HAINANYEDAO(SH:600238) Xin Lang Cai Jing·2025-10-30 15:54Core Viewpoint - *ST Yedao is a leading company in the health wine industry in China, facing significant challenges in revenue and profitability compared to its peers [1][2]. Group 1: Business Performance - In Q3 2025, *ST Yedao reported revenue of 178 million, ranking 7th in the industry, significantly lower than the top competitor, Bai Run Co., which had 2.27 billion [2]. - The main business composition includes liquor at 70.42 million (78.94%), food and beverage at 16.99 million (19.05%), and others at 1.79 million (2.01%) [2]. - The net profit for the same period was -8.31 million, ranking 6th in the industry, with a stark contrast to Bai Run Co.'s 549 million [2]. Group 2: Financial Ratios - As of Q3 2025, *ST Yedao's debt-to-asset ratio was 85.19%, an increase from 72.29% year-on-year, significantly higher than the industry average of 28.63% [3]. - The gross profit margin was 44.35%, up from 38.50% year-on-year but still below the industry average of 47.51% [3]. Group 3: Executive Compensation - The chairman, Duan Shouqi, received a salary of 684,100, an increase of 189,100 from the previous year [4]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 0.11% to 45,900, while the average number of circulating A-shares held per account increased by 0.11% to 9,690.77 [5].